RhythmOne PLC Director/PDMR Shareholding (9041D)

TIDMRTHM

RNS Number : 9041D

RhythmOne PLC

12 October 2018

12 October 2018

RhythmOne plc

("RhythmOne" or the "Company")

Director/PDMR Shareholding Notification

The PDMR notifications below made under Article 19.1 of the EU Market Abuse Regulation ("MAR") relate to the vesting of restricted stock units granted under the terms of the RhythmOne plc 2017 International Equity Incentive Plan (the "2017 Plan"). This announcement is made in accordance with Article 19.3 of MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
1.    Details of the person discharging managerial responsibilities 
       / person closely associated 
a)    Name                              Mr. Karim Rayes 
2.    Reason for the Notification 
a)    Position/status                   Senior Vice President, Products and Business 
                                         Development 
b)    Initial Notification/Amendment    Initial Notification 
3.    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
a)    Name                              RhythmOne plc 
b)    LEI                               213800MZEQLXEIOJ9N61 
4.    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
a)    Description of the Financial      Ordinary shares of GBP0.10 each in the 
       instrument, type of               Company ("Ordinary Shares") 
       instrument 
      Identification code               GB00BYW0RC64 
b)    Nature of the transaction         Acquisition following the automatic vesting 
                                         of 27,574 Restricted Stock Units ("RSUs") 
                                         granted under the terms of the 2017 International 
                                         Equity Incentive Plan RhythmOne plc, 
                                         resulting in the issue of 27,574 Ordinary 
                                         Shares 
c)    Price(s) and volume(s)              Price(s)     Volume(s) 
                                           GBP0.10      27,574 
d)    Aggregated information:            -Aggregated volume: 27,574 Ordinary Shares 
        *    Aggregated volume            -Aggregated price: GBP2,757.40 
 
 
        *    Price 
e)    Date of the transaction           2 September 2018 
f)    Place of the transaction          London Stock Exchange 
4.    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
a)    Description of the Financial      Ordinary shares of GBP0.10 each in the 
       instrument, type of               Company ("Ordinary Shares") 
       instrument 
      Identification code               GB00BYW0RC64 
b)    Nature of the transaction         Sale of 7,830 Ordinary Shares to fund 
                                         the tax liability due in respect of the 
                                         vesting commencing on 2 September 2018 
                                         of the 27,574 RSUs referred to above. 
c)    Price(s) and volume(s)              Price(s)      Volume(s) 
                                           GBP2.2466     7,830 
d)    Aggregated information:            -Aggregated volume: 7,830 Ordinary Shares 
        *    Aggregated volume            -Aggregated price: GBP17,590.88 
 
 
        *    Price 
e)    Date of the transaction           2 September 2018 
f)    Place of the transaction          London Stock Exchange 
4.    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
a)    Description of the Financial      Ordinary shares of GBP0.10 each in the 
       instrument, type of               Company ("Ordinary Shares") 
       instrument 
      Identification code               GB00BYW0RC64 
b)    Nature of the transaction         Cancellation of 82,723 RSUs with a price 
                                         of GBP0.10 granted on 14 September 2017 
                                         to be replaced with RSUs subject to certain 
                                         vesting conditions 
c)    Price(s) and volume(s)              Price(s)     Volume(s) 
                                           GBP0.00      82,723 
d)    Aggregated information:            -Aggregated volume: 82,723 Ordinary Shares 
        *    Aggregated volume            -Aggregated price: GBP0.00 
 
 
        *    Price 
e)    Date of the transaction           14 September 2018 
f)    Place of the transaction          London Stock Exchange 
4.    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
a)    Description of the Financial      Ordinary shares of GBP0.10 each in the 
       instrument, type of               Company ("Ordinary Shares") 
       instrument 
      Identification code               GB00BYW0RC64 
b)    Nature of the transaction         Grant of 173,660 RSUs under the terms 
                                         of the 2017 International Equity Incentive 
                                         Plan RhythmOne plc with a price of GBP0.10 
                                         to be paid at the time the RSU vests. 
                                         These RSUs are subject to a one-year 
                                         cliff, at which time 33.33% of the RSUs 
                                         will vest and thereafter vesting will 
                                         occur every three months over the following 
                                         two years in equal 8.33% increments. 
                                         These RSUs are subject to certain vesting 
                                         conditions. 
c)    Price(s) and volume(s)              Price(s)     Volume(s) 
                                           GBP0.00      173,660 
d)    Aggregated information:            -Aggregated volume: 173,660 RSUs 
        *    Aggregated volume            -Aggregated price: GBP0.00 
 
 
        *    Price 
e)    Date of the transaction           14 September 2018 
f)    Place of the transaction          London Stock Exchange 
 

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October 12, 2018 06:22 ET (10:22 GMT)